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between germany and russia by some measures is at its worst in decades. has there been a real break down between russia and the west as pew ten has come back into office? >> i don't believe there's been a break down. i think the perception of russia has been difficult from western investors. when you see human rights case come up, people get a bit more nervous. but general employeeliemployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayl emplo russia is still a good place to invest. >> a lot of cross border deals. is the environment todayemploye russia is still a good place to invest. >> a lot of cross border deals. is the environment todaymployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayployee a is still a good place to invest. >> a lot of cross border deals. is the environment todayloyee i is still a good place to invest. >> a lot of cross border deals. is the environment todayoyee i is still a good place to invest. >> a lot of cross border deals. is the environment todayyee i f st
cost investments. ♪ >>> a couple other stories we're following this morning, russia's space agency has denied it lost communication with the international space station after a cable broke outside moscow. the story was first reported on state run news agency saying the broken kibl meant russia had lost the ability to control most of its civilian satellites. a spokesman was quick to assure that despite the broken cable, satellites and the station were continuing to operate normally. he also said the agency was able to communicate with the satellites and control them. plenty more coverage on this story at cnbc.com. further israeli strikes have killed three palestinians in the southern gaza strip this as three were killed in an auntment building in central israel, the first israeli fatalities since israel relaunched an offensive against gaza a day earlier. and the latest action came as the u.n. security council held an emergency meeting in new york to discuss the escalation of violence in the region. yesterday israel killed hamas' top military commander during air strikes. condemnation of
blamed missteps in countries such as brazil and russia for the miss. it assured the issues should be resolved by the end of the year. u.s. grocery chain whole foods has posted third quarter profits in line with forecasts. total sales jumped 24% in the period as consumers continue to switch towards organic produce. however the company did warn investors sales have been hit by the impact of hurricane sandy which left many of their customers without power. and that sent shares lower in after hours trade as you can see there, shedding about nearly 3%. we'll keep an eye on that. and just when new york city thought it was all over, a nor'easter called athena has smacked the tri-state area overnight dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down you power lines and electrical wires and thousands who lost power because of sandy just lost it all over again. now, caroline roth joins us from zurich because over in zurich, swiss re has reported results that have cheered the market. 1.6% at the moment. >> absolutely. earlier on in
the u.s. will overtake saudi arabia and russia to become the world's biggest global oil producer by 2017. this is the international energy agency. so becoming a net exporter. joining us is tom bergen at reuters. if that forecast is right, how does that change the politics of oil? >> good morning, ross. yes, that's a prediction now that a lot of analysts have been making over recent months. so it's a pretty broad view that the u.s. will by the end of the decade potentially become the biggest oil producer in the world. there are also predictions that just factory and other things like energy efficiency, basically cut it reliance on on oil imported from outside from immediate neighbors mexico and canada almost to nothing. and if america is not emporting as much oil as it does currently, perhaps for energy to be such a focal point of its foreign policy won't be so large. and already you have exactly within the oil and gas industry pushing the case for shale on the basis that it would save the country a lot of money on overseas military expenditure. >> if you take in that oil, shale gas toget
to russia and they're looking at markets like india. but they've not given up on europe, which will remain its key engine for growth. the european story is more nuanced than the eurozone crisis growth headlines would suggest. in fact, solaris has picked up new business in finland and belgium and will do record sales in spain this year. solaris management considers the company as much european as it is polish and believes the block is strongest staying together. so if the eurozone were a bus, say, none of the passengers should be forced to leave before the ultimate destination is reached. just setting aside for a moment the issue of trade into germany, the polish economy is clipping along at about 2.4% this year. it's expected to slow into next year. so what exactly is the central bank going to do to offset some of that weakness in domestic demand. i'm very pleased to have with me yang, on the committee, and also an academic economist. thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.
with russia and south korea. securing important resources in the south china sea as well as potentially destabilizing or creating a situation in which china doesn't actually have full control of the south china sea for its exports and imports of oil and other natural resources into china. so the issue for the two countries is that being driven by very different factors. >> i know japanese businesses have sort of started to think about the cost benefit of doing business in china because the chinese government has demonstrated their ability to impact business. so i was talking to -- let's he's bring in andrew on this. i suppose the question is whether the chinese are feeling any pinch on their side. >> trade is not everything. don't forget it's not just a financial issue only between china and japan. don't forget the american pivot to asia has complicated things. and also of raising nationalism both in japan and china. a look at japanese politics recently, the current administration has weakened very much by the economy, but also by the rise of another political party and the political pa
already the rules over a couple of years as we can see from russia, canada, u.s. and most countries in europe. so they want those companies to be listed in hong kong, not just those state own company to boost the stock market. >> will they just make it easier? >> definitely easier to list it in hong kong, but still they need to fulfill some of the listing requirements such as if you want to be listed in the main board, there is a three test you need to pass. if not, only some of the resources comes, some of the restriction. but overall why notally speaking, some of the worldwide company like prada, they're doing quite well. so i think this is one of the growth generating points. >> picc might be on its way. what will happen to that? >> as you said, the ipo market is doing well recently. up 12%. one of the casual dining chain prettier. and picc will be the biggest ipo in hong kong this year. it's priced reasonably at 1.2 to 1.5 in price. but we can't compare to its peer because their major business is not life business. they focus more on casualty and property. i think they will be o
there. >>> megaphone has made its stock market debut in london. but shares in russia's second lowest mobile operator are trading below $20 a share, the bottom of the anticipated range. the ipo is still the biggest by a russian company since 2010. so, hope you feel fully caught up on your global news now. >>> still to come, southeast asia's economies are coming up roses in the face of global uncertainties. what's driving them and will the momentum last? we'll find out next. >>> welcome back to the program. the bank of thailand has kept rates as expected. the central bank says the economy is this good shape and strong domestic demand will help counter risks from overseas. in the philippines, the governor of the central bank insists its easy policies are confident despite economic growth. it was well above expectations for growth of just 5.3%. for more on southeast asia, joining us now, economist at southeast asia at rbs. my apologies about that. i'm butchering names all morning. >> no problem at all. >> can you talk first at all about thailand in particular. investors look to this as a
Search Results 0 to 7 of about 8